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that may be hoarding cash to protect themselves in this uncertain environment but does that mean, likely, they're going to spend that cash or put it to work once we get a resolution of the fiscal cliff? >> it all depends on how it gets resolved. if obama gets his way, and we get big tax increases on small businesses, but also increased double taxation of dividends and capital gains, we'll have a less friendly economic environment for investment to car inside the united states. and that would mean an incentive for companies not to conduct business here. maybe to expand their branchs and their operations overseas. yes, there's the short-term uncertainty in the fiscal cliff that's hurting, but then i actually agree with michael. it's long-term fundamentals that matter. our government is just too much of a burden. >> steve, what's at stake here? >> i want to talk about two scientists from two different fields. one is pav lolov. a dog would salivate when you put food in hem. ed prescott took that idea and said, you know what, when companies spend, they spend after and during recessions when t
in this environment. carl, back to you. >> wednesday is the day when they name the new partners at goldman, i believe. >> that's right. >> people waiting for the call. >> people close to or a source close to goldman sachs says it will be the smallest class in over a decade. probably less than 70 will be named partners at goldman sachs this year. back to you. >> thank you so much. mary thompson at headquarters. a big mover in drilling and natural gas space. >> weatherford this morning off 12% at 3.5 year low. the company warning that fourth quarter is going to come in for earnings below consensus on that number. and they also said that they still have not been able to resolve what they call material weakness in internal controls over financial reporting. they actually didn't break out their third quarter numbers. stock getting hit hard on a day when energy is already to the downside. >> motor trend magazine naming tesla's sedan the car of the year. will the model live up to the hype? we'll find out when tesla ceo elon musk joins us. >> just seven short weeks left to hopefully do a deal on the fiscal c
at a normal interest rate, i'm a guy that wants to go 50/50 bond equities, are you saying in this environment i should be 75 equities, 25 bonds because of the risk? >> yeah, i think the problem is nobody is 50/50. today people are sitting at 80% this bonds. 10% quit tis and a little bit of cash. here's the big issue. americans need to retire. 75% of them have already said they don't have enough money. 40% said they'll never have enough money. so they're funding their lon term liability which is retirement 15 years, on average 58 years old, and they're funding it with a security that's at the end of its peak cycle. so usual getting zero rate of return and you're saying i'll fund the liability by an investment that i'm guaranteed to lose money in. the world is more complicated. it's not 50 stock and 50 bond. so you have to say i need to start to move into a more balanced portfolio. the big problem people have is they think it's a binary switch. i go from stocks to bonds. maybe risky people and speculate tors do that. but it means i need to start to lessen my bond position, because more balanced
to the environment than in fact was really occurring. acknowledging those lies, b.p. has agreed to plead guilty to felony obstruction of congress. make no mistake. while the company is guilty, individuals committed these crimes. and we have also unsealed today a 23 count indictment charging b.p.'s two highest ranking supervisors aboard the deep water horizon with manslaughter and violation of the clean water act. the indictment charges the two b.p. well site leaders with negligent and gross negligence on 2010. the red flags indicating that the well was not secure both men failed to take appropriate action to prevent the blow out. a separate indictment was also unsealed today charging a former senior b.p. expect sive with obstruction of a investigation and making false statements to law enforcement officials. the indictment alleges that he on behalf of b.p. intentionally under estimated the amount of oil flowing from the well. he allegedly cherry picked pages from documents, with held other documents al together and lied to congress and others to make this spill appear less catastrophic than it
. >> this is a tough environment, our business customers are lookinr guidance, we're advising rlly clients across u.s. to take a look at their plan, and health savings accounts and tighten the belts in oth areas. neil:ow do you absorb, walmart refutes the figures. bottom line they were going up for workers. this is a trend, i would imagine it speeds up. >> supposedly national trend is 8 to 9% rise in health prem young cost, it be be a shared cost, a cost thatusiness absorbs or a cost down to the worker. neil: in walmart saying, we pay the 4.5%, they pay 4.5%, bottom line it is aot. >> at the end of the day, this is what u.s. citizens elected. neil: unstoppable? >> health insurance premiums will continue to rise, business owners must look at other ws to cut their costsonless they s. gary: unless they don't, they have no choice, they offer health care coverage, or if they don't they pay penalty, just suck up the penalty, and deal with it. >> or they can reduce workforce, and go to health savings ac count. neil: that is what darden tried, a little bit more you know, agility for that. but not a lotn ca
there was a sense on issues like injury and the environment. they had a vision where we have competition in places like china, germany and india. if we are going to have a thriving american century we cannot come in second place to those countries in the new technology industries of the future and i think that plays an important role. you know the obama vision was one where they thought better suited the country. and there is no question on social issues. whether it is women's health care, immigration, gay rights. there are a set of issues particularly for younger voters so, people vote very, very carefully. the economy was a dominant issue. i think that is why ultimately some people chose the president to continue the journey we are on. now quickly in terms of democracy, you know we don't know this for sure, but we could be seeing very different elections. that of that in 2010, 14, maybe 18 will be quite a bit different. the comments i made two years ago were predicated on what we thought would happen in a presidential year. the latino turnout was surging. president winning more of the latino vo
. the question is, what was the security environment like prior to the attack? and there have already been cables that have been released that have indicated that people in the state department had to know that the security situation in benghazi was already very dangerous, that al-qaeda units were in the area, that jihaddists were out there, that there was no predicting what could happen, and that raises questions about why wasn't there enough security to protect those who were serving inside that compound. >> steve: absolutely. that's such a good point. now, there are some of your colleagues on the other side of the aisle have suggested given what we've heard from susan rice, the united nations ambassador, and other things that the president and jay carney said, that there has been a gigantic cover-up regarding what the administration knew, when they knew it, what they did, stuff like that. are there any democrats on your side who feel that there could have been a cover-up? >> i don't think we know enough right now. >> steve: but shouldn't we know enough by now? >> here is what we need to find o
businesses getting out and selling products. how quickly do you see small-business environment? are they somewhat encouraged? >> we take the business in a different way, felt restricted to be in a brick and mortar situation and now they realize they can take the business mobile and serve customers in a different way than they served in the past. tracy: you can sell your product at the next house party. you are great. thank you. it is on the web site and available december 3rd. up next, liz claman is at the cme global leadership conference, cheryl casone in studio. liz claman will be talking exclusively to the biggest names including the virgin group shall under -- founder and chairman richard branson. he starts billion dollar businesses no matter what uncertainty is going on in the world and cme executive chairman terry duffy blasting the government for hurting his ability to run his business. count down to the closing bell. cheryl casone is here in studio. that is all next. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the gre
investment is going to follow countries that have a more competitive environment in taxes is one of them's a we have to reform the tax code and when you do that you will get more revenue. it's guaranteed. again, as i was talking at earlier there are opportunities here for us as a country and if you look at the congressional budget analysts this and go to the tax committee analysis what tax reform could mean in the economic growth and all of them will lead to more growth with this corporate tax reform. estimate of the president says what he did last friday, this was fought over in the campaign and we fought over rising tax rates. jay carney said they would veto any bill that extends the current tax rate so if he insists that tax rates go out for those making over to under $50,000 will would your recommendation before the conference in the senate? >> working in to white house is i believe a president does have a veto because i like the president's comments better than jay carney's comments. i think jay carney mabey was a little behind the curve on that because look, it makes no sense to ta
exactly how to get things done, exactly in a partisan political environment. sound familiar? what lessons want we learn from him? joining us now, author of a new fantastic book called "thomas jefferson, the art of power." john meachem joins us live. >> you talk about how thomas jefferson, as he gets up first thing ing, as many people are now, he had a ritual he would plunge his feet into a base son of cold quarter. >> it is. there's a groove on the floor where the bowl was brought in. but he lived to be 84 so it's a pretty good policy. >> maybe i need a bucket. thomas jefferson was a guy who loved politics. he loved to design stuff, he was a big thinker, he kept great details but at the end of the day he was a guy who could bring two sides together. north, south, come on, let's wind up in the middle. >> he had endless appetite for art, for wine, for women, for architectural books and also power. he was born to it in virginia. the eldest son in an important family. i learned from a very early age. he was was a political apprentice. for 40 years he was pretty much in public office. and what
environment and economic factors are making things somewhat difficult for our customers and that's why we're getting to those numbers. the stock had come in and it's going to again today. >> a lot of investors are thinking that this gigantic move and pull back appropriately to some average and was ready to blast off. look, you've got target nipping, you've got dollar tree reporting good numbers today. walmart had a great move. and now its great move i think has run its course. >> an amazing chart, if you go back to walmart stocks, the dip in the stock, it was the bryberry bottom for this quarter. i don't know if we're setting up for something better than anticipation but the head of u.s. walmart said november sales started ahead of plans. and they have got some extra sales thanks to lay away which has been a very popular program for retailers of late. >> we used to get monthly comps from all these retailers. >> those were the old days. >> i think the problem with wam mart, frankly is, the stock was acting as if it was going to put target numbers up. pets smart reported the best numbers of
's the rush? be happy. be healthy. it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management >> alisyn: good morning, everyone. today is monday, november 19. i'm alisyn camerota. paula broadwell is back home with her family and speak out. but that's not who lawmakers want answers from. now a top democrat saying something doesn't smell right. >> steve: and it's been a christmas tradition for 60 years right along the pacific. but not anymore. you can thank the atheists for wrecking it for a lot of christians out in california. >> brian: santa monica. soldier brings an entire stadium to its feet. >> up with -- we've special treat for you as well. >> brian: that's as loud as the super bowl. that soldier home from afghanistan. just joins us live on "fox & friends" right now. >> hey y'all, it's paula deen and you're watching "fox & friends." >> steve: can you imagine
in this consolidated apple like checkout, iphone, anyone can check you out, it's efficient, nice environment. it's the apple store customer interface combined with the best brands of the world in a small geography. we had $250 a square foot in sales with the traffic down 12%. >> for your sake and for ron johnson's sake i hope this works and i love a great come back story. >> i want to leave our viewers with one thing. the biggest problem people have with something like this, how can i own a stock when the sales are down 26%? i'll make one analogy and help people think about how to value this company. we took a stake in wendy's, why did people not like wendy's? i get a chance we come back after a commercial, i'm happy to stay. >> i think we're going. >> give me one minute and i'm happy to come back another time. wendy's, people hated the management, there was a fast growing company called tim horton's inside wendys. we separated and the stock doubled. we have this fast growing retail inside jcpenney, profitable and high margins and the rest of jcpenney is shrinking. it's hard to look at it on a c
that trade the bank stocks right now say low interest rate environment and no growth or low growth environmentment in 2013. reason they are not particularly optimistic. today these stocks are bouncing back. carl, they have been beaten up badly in the last couple of months. >> thanks, bob. bob pisani. send it back to head quarters and kayla. she has the market flash. >> watching diamond food. the stock tlaubled for the last year a half. down another 11% today on a downgrade from jefferies. jefferies saying there is a -- 33% more downside for this company to go. last week it restated earnings for the last two years. wipe out about $56 million in profit. they had problem was their accounting and with the payme payments. >> meantime, tensions rising in the middle east. senior official close to binyamin netanyahu is ready for ground invasion in the gaza strip but prefers diplomatic solution to that conflict. >> reporter: hello there. in fact, it is nighttime in g . gaza. the attention is shifting south of where we are. focusing more on cairo, egypt. that's where intense negotiations ar
are looking at, as you said, an environment in which people are in panic mode over the fiscal cliff. i think there is a lot of support, actually, because the population does not seem to understand what the fiscal cliff is and what it means. what they are hearing on television is a lot of hype about what will happen if the fiscal cliff is not avoided. that is actually generating quite a bit of support for both sides to come together. it seems adult. it seems like the right thing to do. put your partisan differences aside for the country, and find some way to avoid the cliff. what that means in practice is striking some kind of deal, what we have heard of, as a grand bargain. it is important to keep in mind that the grand bargain itself, is really a form of austerity. this is an austerity plan. when you have an economy that is still struggling to find its feet, and you are talking about imposing austerity, i think we have seen pretty clearly, watching europe over the last 3.5 years -- that is not a good idea. we definitely have time to start -- to stop and get this right, before we follow gree
are working hard every day against a very challenging market and environment. we have a solid reform in the farm bill in terms of setting up a risk insurance plan for the first time in american history. have full support from the dairy industry and dairy providers. lots of compromise and negotiation. again, a $23 billion reduction to the deficit in terms of last -- the last farm bill. that was done on june 19. since then the house leadership has refused to bring a farm bill to the floor despite the fact that the house agriculture committee, which i sit on, actually passed a bipartisan measure, so it was teed up and ready for action here on the house floor. and yet we have gone five months since the senate acted. we have seven weeks of recess prior to this past tuesday. we have american farmers who are sitting out there trying to figure out what on earth is going to be the future in terms of their production and their businesses. and as i said, if you look at the one example of milk, without having a farm bill in place on january 1, we are going to see basically the price of milk spin
Search Results 0 to 18 of about 19 (some duplicates have been removed)

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